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  • Articles  (57)
  • Blackwell Publishing Ltd  (57)
  • American Meteorological Society
  • Springer Nature
  • Springer Science + Business Media
  • 2020-2022
  • 2005-2009  (57)
  • 1960-1964
  • Law  (57)
  • 1
    Electronic Resource
    Electronic Resource
    Short-term Consequences of Trade Reform for Industry Employment and Wages: Survey of Evidence from Colombia (2005)
    Oxford, UK : Blackwell Publishing Ltd
    The @world economy 28 (2005), S. 0 
    Details
    ISSN: 1467-9701
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Law , Economics
    Notes: Recent research has focused on the short- to medium-term implications of trade reforms for the labour market outcomes and poverty in poor economies. This article summarises the evidence on the short-term consequences of the Colombian trade reform initiated in 1985 for industry employment and industry wages. Although the reform reduced manufacturing tariffs on average by 40 percentage points from 1984 to 1994, tariff declines were not significantly associated with labour reallocation across sectors. The reform, however, was associated with bigger declines in relative industry wages in sectors that experienced bigger tariff cuts. This evidence is in line with the predictions of short- to medium-run models of trade in which labour is not mobile across sectors. It is also consistent with the predictions of models where imperfectly competitive industries share rents with workers and trade reduces the firms’ profit margins and thus workers’ rents.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/j.1467-9701.2005.00714.x
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  • 2
    Electronic Resource
    Electronic Resource
    Who Supports Free Trade in Latin America? (2005)
    Oxford, UK : Blackwell Publishing Ltd
    The @world economy 28 (2005), S. 0 
    Details
    ISSN: 1467-9701
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Law , Economics
    Notes: This paper examines individual trade policy preferences across 17 countries in Latin America. The focus is on whether skilled or unskilled workers are more likely to support liberalised trade and on whether country characteristics, such as factor endowments, alter the preferences of skilled and unskilled workers. Based on the standard Heckscher-Ohlin model and the Stolper-Samuelson theorem, wage inequality in developing countries will decrease under free trade and unskilled workers will benefit. We find that on average skilled workers are more likely than unskilled workers to support free trade in Latin American countries. Separate country regressions reveal that this pattern is only statistically significant in 8 out of 17 Latin American countries. However, there are no countries in our sample in which unskilled workers are statistically more likely to support free trade than skilled workers, not even in the lowest skill-endowed country in the sample. We also find that people from Latin American countries with higher GDP, faster growth, more cropland and a longer period of time since reform were more likely on average to support free trade.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/j.1467-9701.2005.00715.x
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  • 3
    Electronic Resource
    Electronic Resource
    Financial Liberalisations in Latin America in the 1990s: A Reassessment (2005)
    Oxford, UK : Blackwell Publishing Ltd
    The @world economy 28 (2005), S. 0 
    Details
    ISSN: 1467-9701
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Law , Economics
    Notes: This paper studies the experience of Latin America (LATAM) with financial liberalisation in the 1990s. The rush towards financial liberalisations in the early 1990s was associated with expectations that external financing would alleviate the scarcity of saving in LATAM, thereby increasing investment and growth. Yet, the data and several case studies suggest that the gains from external financing are overrated. The bottleneck inhibiting economic growth is less the scarcity of saving, and more the scarcity of good governance. A possible interpretation for these findings is that in countries where private savings and investments were taxed in an arbitrary and unpredictable way, the credibility of a new regime could not be assumed or imposed. Instead, credibility must be acquired as an outcome of a learning process. Consequently, increasing the saving and investment rates tends to be a time-consuming process. This also suggests that greater political instability and polarisation would induce consumers to be more cautious in increasing their saving and investment rates following a reform. Hence, reaching a sustained take-off in Latin America is a harder task to accomplish than in Asia.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/j.1467-9701.2005.00716.x
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  • 4
    Electronic Resource
    Electronic Resource
    One Market, One Money: Evidence from Canada–United States Economic Integration (2005)
    Oxford, UK : Blackwell Publishing Ltd
    The @world economy 28 (2005), S. 0 
    Details
    ISSN: 1467-9701
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Law , Economics
    Notes: In this paper, we focus on the evolution of the optimum currency area (OCA) properties between Canada and the United States. To this end, we specifically investigate the relationship between the intra-industry trade dynamics of Canadian provinces with the United States and the increasing level of integration between the two countries from 1980 to 1998. Our findings lead us to support the view that integration (real and monetary) improves the conditions under which a monetary union can yield net gains in the long run for the integrating countries. We also find that exchange rate developments exert asymmetric effects on the Canadian provinces.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/j.1467-9701.2005.00717.x
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  • 5
    Electronic Resource
    Electronic Resource
    Why So Small? Explaining the Size of Firms in Latin America (2005)
    Oxford, UK : Blackwell Publishing Ltd
    The @world economy 28 (2005), S. 0 
    Details
    ISSN: 1467-9701
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Law , Economics
    Notes: On average, Latin American firms are small with respect to world patterns, both in terms of the quantity of assets they control and the amount of employment they generate. We examine data on firm size from developed and developing countries around the world to assess the influence of demand, supply and institutional factors on the size of the largest firms in each country. We find that, besides the size of the economy and the level of income per capita, the key determinants of the size of firms are trade openness, stock market capitalisation and physical infrastructure. Our simulations suggest that if the gaps with respect to the best Latin American performer were closed in each of these three areas, firm size in the countries of the region would – on average – reach world patterns.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/j.1467-9701.2005.00718.x
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  • 6
    Electronic Resource
    Electronic Resource
    Anti-competitive Practices and Liberalising Markets in Latin America and the Caribbean (2005)
    Oxford, UK : Blackwell Publishing Ltd
    The @world economy 28 (2005), S. 0 
    Details
    ISSN: 1467-9701
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Law , Economics
    Notes: The last ten years have seen many Latin American and Caribbean nations enact or reform competition laws, and numerous other jurisdictions are considering following suit. The evidential base to guide such policymaking is, however, limited. In this paper we have assembled two databases, one concerning allegations of anti-competitive acts in newspaper articles and another concerning the relationship between competition-related factors and the effects of reforms to liberalise markets, that may go some way to remedying this deficiency. In so doing, we have noticed a number of matters that producers and consumers of research in this area should probably bear in mind.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/j.1467-9701.2005.00719.x
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  • 7
    Electronic Resource
    Electronic Resource
    The Global Distribution of Trademarks: Some Stylised Facts (2005)
    Oxford, UK : Blackwell Publishing Ltd
    The @world economy 28 (2005), S. 0 
    Details
    ISSN: 1467-9701
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Law , Economics
    Notes: This paper provides the first empirical analysis of the global distribution of trademarks. It is based on a new dataset compiled by the authors from the statistical information published by the World Intellectual Property Organisation (WIPO). The questions analysed include the distribution of trademarks among countries of different income levels, the share of trademark registrations accounted for by foreign residents and its variation across different income groups, the extent to which poor countries participate in the international trademark system, and the distribution of registrations across different sectors of the economy. The evidence presented in this paper is relevant for assessing possible welfare implications of changes in intellectual property protection and evaluating the role of reputational assets in determining international trading patterns.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/j.1467-9701.2005.00706.x
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  • 8
    Electronic Resource
    Electronic Resource
    Currency and Financial Crises in Turkey 2000 –2001: Bad Fundamentals or Bad Luck? (2005)
    Oxford, UK : Blackwell Publishing Ltd
    The @world economy 28 (2005), S. 0 
    Details
    ISSN: 1467-9701
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Law , Economics
    Notes: This paper attempts to explore the underlying causes of twin crises experienced by Turkey in November 2000 and February 2001. We study an extensive set of leading indicators of crises that are drawn from the existing literature. Our results identify three sets of vulnerabilities in the Turkish economy in triggering the financial crisis and bringing about the collapse of the Turkish lira. These are: first, the weak external position caused by excessive debt burden combined with the loss of competitiveness; second, the weak fiscal position resulting from the record levels of interest payments on domestic borrowing; and most importantly, third, weaknesses in the financial and banking sector. Given these observations, we argue that the success of financial sector reform is instrumental not only for putting the economy on a sustainable recovery path but also for reducing the likelihood of similar crises in the future. The general lesson to be drawn from this experience is that a sound financial system is a pre-condition for the successful operation of a fixed exchange rate regime.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/j.1467-9701.2005.00691.x
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  • 9
    Electronic Resource
    Electronic Resource
    Exports, Foreign Direct Investment and Employment: The Case of China (2005)
    Oxford, UK : Blackwell Publishing Ltd
    The @world economy 28 (2005), S. 0 
    Details
    ISSN: 1467-9701
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Law , Economics
    Notes: This paper analyses the growth of production and employment in China during the period 1978 to the early 1990s. It argues that the Chinese experience with export-led growth provides an excellent case study of the phenomenon of a vent for surplus resources provided by exports, identified by Adam Smith in the Wealth of Nations and elaborated by Hla Myint. The paper extends the Smith-Myint model of ‘vent-for-surplus’ productive capacity to ‘vent-for-surplus’ resources by allowing for foreign investment flows. The ‘vent-for-surplus’ effect of exports on employment and growth is examined in a dynamic labour demand framework for a panel of township and village enterprises (TVEs) in China.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/j.1467-9701.2005.00694.x
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  • 10
    Electronic Resource
    Electronic Resource
    Book Reviews (2005)
    Oxford, UK : Blackwell Publishing Ltd
    The @world economy 28 (2005), S. 0 
    Details
    ISSN: 1467-9701
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Law , Economics
    Notes: Books reviewed:PETER NOLAN, China at the Crossroads.HUBERT STRAUSS, Demand and Supply of Aggregate Exports of Goods and Services: Multivariate Cointegration Analyses for the United States, Canada, and Germany.HORST SIEBERT (ed.), Macroeconomic Policies in the World Eco-nomy.JAMES R. MARKUSEN, Multinational Firms and the Theory of Inter-national Trade.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/j.1467-9701.2005.00695.x
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